About Photochain

Photochain is a peer to peer platform, releasing new concepts for a next generation stock photography platform. Photochain will be a vehicle for fair trading of digital works between artists and buyers. Photochain uses blockchain technology to reinvent photostocks around the buyers and the sellers.

Photochain DApp as a Solution to the Artist’s Problems

By developing the Photochain platform, we present the possibility for artists to sell their works directly to their customers, on their own terms. Mediated by Smart Contracts, when a sale is made, the seller is paid, and the buyer receives the purchased picture immediately. Thus, Photochain doesn’t require a centralised authority to ensure the correctness of transactions. This reliability is inherently contained in the blockchain technology.

The Photochain platform has been engineered from the ground up, to solve the problems of traditional stock photography platforms. For ongoing development, the wisdom of the community oversees the platform and machine learning is employed to find solutions for other problems.

Photochain Platform

With all currently existing stock photography platforms, the only way security of transactions can be ensured is via central control. Our platform works autonomously, securely and efficiently based on predefined rules. We are developing the Photochain DApp [5] on the Ethereum blockchain. Additionally, Photochain also uses computer vision (machine learning) to fulfill the specific technological requirements of stock photography. The Photochain DApp is a platform on which artists have the opportunity to sell their work to a broad audience at a price they themselves set, and where sellers are also fully and solely liable for the works they sell themselves.

Photochain’s Mission

Photochain has clear advantages for contributors and customers. Contributors at Photochain benefit from an extremely low fee – only 5% of the selling price. Keeping 95% of the final sale price allows contributors to offer their work cheaper. Consequently the market becomes more affordable for customers. This type of fair market not only benefits the users, but should benefit the photography industry as a whole, as the possibility of increased income incentivizes contributors to perform better.

Photochain Network Governance

Photochain’s Governance team is tasked with accompanying the Photochain DApp on its way to being a fully-formed DAO. Photochain Governance develops new versions of the clients’ as well as Photochain’s Smart Contracts. It also implements the rules as well as running the infrastructure (IPFS Node, Ethereum Node), which will be initially necessary. Furthermore, Photochain Governance offers a team of moderators that will, especially in the initial phase of the DApp, be needed to resolve claims.

Security Considerations

A “decentralized autonomous organization” (DAO) is an organization governed by an initial set of rules and codified into Smart Contracts. This organization’s biggest strength is rooted in the decision-making capacity of its community as future developments and changes undergo a democratic voting process. The Photochain DApp has been developed in accordance with the latest security standards and is subject to a Continual Improvement Process. The Photochain Governance Team is dealing with a tracking issue and will use their best practices to improve the Photochain Client. This applies in particular to the security updates within Photochain Smart Contracts.

PHOTON Token Mechanics

Token Mechanics

Metrics

Token Name

PHOTON (PHT)

Price per Token (in ETH)

0.00017 ETH

Pre-Sale Cap (PHT Tokens)

10,000,000

Main Sale Cap (PHT Tokens)

170,000,000

Hard Cap (PHT Tokens)

230,000,000

Token Privileges

platform utility token

Token Allocation

%

Token Sale

79%

Management & Team & Legal

14%

Adviser

4%

Bounty

3%

Photochain Token Sale (ICO)

Pre-Sale successfully ended.

The Photochain Crowdsale is an important milestone for the future of the project. The financing will mainly be needed to expand the Photochain Governance Team and for delivering the 1.0 version of the Photochain DApp.

Start date: 06.04.2018 at 00:00 am CET
End date: 08.04.2018 at 23:59 pm CET
Time based discounts for the PHT tokens price during the Main Sale I